“果链”巨头立讯精密搭上OpenAI快车，股价强势涨停

Core Viewpoint - Lixun Precision has seen a significant stock price increase, reaching 60.95 CNY per share and a market capitalization of 442 billion CNY, doubling since April 2023, driven by positive news including a potential collaboration with OpenAI and increased demand from Apple for iPhone 17 production [1] Financial Performance - Lixun Precision's revenue and net profit have shown steady growth from 2022 to 2024, with revenues of 214.03 billion CNY, 231.90 billion CNY, and 268.80 billion CNY, and net profits of 10.49 billion CNY, 12.24 billion CNY, and 14.58 billion CNY respectively [2] - In the first half of 2025, the company achieved a revenue of 124.50 billion CNY, a year-on-year increase of 20.18%, and a net profit of 6.64 billion CNY, up 23.13% year-on-year [2] Segment Performance - In the first half of 2025, Lixun Precision's revenue from the consumer electronics sector was 97.80 billion CNY, growing 14.32% year-on-year; automotive connectivity products and precision components generated 8.66 billion CNY, up 82.07%; and communication connectivity products and precision components brought in 11.10 billion CNY, increasing by 48.65% [2] Regional Performance - In the first half of 2025, domestic sales reached 19.78 billion CNY, a year-on-year increase of 38.82%, while international sales were 105.73 billion CNY, growing 17.38% [3] Earnings Forecast - For the third quarter, Lixun Precision expects a profit between 3.60 billion CNY and 4.30 billion CNY, representing a year-on-year growth of 13.86% to 36.15% [4] Customer Concentration Risk - Lixun Precision faces challenges due to high customer concentration, with revenues from the top five customers amounting to approximately 177.90 billion CNY, 191.20 billion CNY, and 211.00 billion CNY from 2022 to 2024, accounting for 83.1%, 82.4%, and 78.5% of total revenue respectively [4]